How to Calculate the Surrender Value of LIC

The Life Insurance Corporation (LIC) of India, which insures over 250 million customers, offers over 60 policy choices, each with its own profit and bonus structure. If a customer has paid into a plan for a minimum of three years and chooses to opt out early, he can drop his LIC policy and cash out part of his total amount invested to date. The cash-out amount for a plan is called the surrender value. Since each plan has its own surrender time line and value, a LIC calculator is useful in computing the refund.

The Life Insurance Company (LIC) of India is headquartered in Mumbai, India's most populated city.

Step

View the schedule page of your LIC policy. The schedule page is the first page of the policy.